The exploration area covers approximately 531.9 square kilometers in area defined by the UTM coordinates of Spatial Reference ((WGS84 etc.) detailed in Art. 3
Emmanuel O. Sherman, Acting Assistant Minister, Mineral Exploration & Environmental Research; Roosevelt G. Jayjay, Acting , Ministry of Lands, Mines and Energy, Liberia
If SAMLEC Resources discovers exploitable deposits of iron ore and gold in the exploration area and has complied during the exploration period with its obligations, it will have the right to enter into a mineral development agreement and obtain a Class A mining license